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201  Bitcoin / Bitcoin Discussion / Re: BIAA: Why we need to work together on: July 06, 2011, 02:35:14 AM
There is nothing like hording btc to spure the economy. The fact is, its the smaller miners that spend much of the btc. Its the big miners that cash out to cover their huge costs. As the small miniers are pushed out there will be a negitive affect on the btc economy.

That is a valid argument, and there will always be smaller miners.  I do not wish to horde, but to invest in the economy of bitcoins.  The coins would be introduced to the economy through the new enterprises.  They will be spending the bitcoins for other items, thus introducing them.
202  Bitcoin / Bitcoin Discussion / Re: BIAA: Why we need to work together on: July 06, 2011, 02:01:52 AM


so basically, we all work for you?


Who said anything about me?  I am not interested in running a pool, I have my own private pool.  I would be interested in putting my hashing power to a pool such as this though.  I would even like competing pools, because no one should have that much power.
203  Bitcoin / Bitcoin Discussion / Re: BIAA: Why we need to work together on: July 06, 2011, 01:58:08 AM

Luckily for people interested in Bitcoin your OPEC idea wont work since Bitcoins are not found on sovereign land like oil is.


Miners are a virtual sovereign land.  Our farms are the source of all bitcoins. 
204  Bitcoin / Bitcoin Discussion / Re: BIAA: Why we need to work together on: July 06, 2011, 01:56:29 AM
Yes, let's make an RIAA or OPEC for mining. What a wonderful idea!

Then we can do ALL the work, take ALL the risk, and give a large share of our profits away for NO fucking benefit whatsoever.

It isn't giving it away, it is using its influence not only to grow the economy of bitcoins, but also to maximize our own investments.  It doesn't hold on to profits, but pays them to the very people who contributed to the pool.
205  Bitcoin / Bitcoin Discussion / Re: BIAA: Why we need to work together on: July 06, 2011, 01:55:00 AM
Your suggestion of smaller miners getting out of the biz will happen naturally as profitability decreases, no need to worry about that.

You seem to be further suggesting a VC group.... but why such would be tied to miners is confusing. Miners will tend to focus on being efficient miners. Investors will tend to focus on being profitable investors. There is no necessary link between the two, just like OPEC is not an investment group.

I think you're mixing initiatives that have no reason to be mixed =) But I like your spirit!

I'm saying taking the reward and immediately converting it to cash is self defeating, and that is what the smaller miners do.  If the organized miners got together, then we can take the pools percentage, and turn it into a type of bitcoin bank to encourage growth of the economy, and thus the blocks we hold.  The economy isn't growing at $100,000 a day, and that is at the current crashed price.  If we organized, using a pool as a tool to enforce fairness, then we could all agree to withhold money, in exchange for a share of profits realized by the association proportional to the amount they have withheld.  That money kept in reserve being put to use for dividends really only follows.
206  Bitcoin / Bitcoin Discussion / BIAA: Why we need to work together on: July 06, 2011, 01:26:15 AM
I think the Bitcoin economy would be benefited by having a smaller group of bigger miners, than the disorganized group of little miners that we see today.  Honestly, and no offense to the little miners out there, but right now the market is overly saturated because of how easy entry this is.  This price drop will go a long way to shake out the less serious miners.  A lot of people are mining with their video card on their desktop.  They are in a pool, and make less than a half a btc a day.  After the first month, they received occasional small payouts, but then they get their electric bill and there goes one of those payments.  Meanwhile, there is all the heat and noise, and well, who cares. 

The only way to make mining worth it is to go big and serious.  Building and maintaining a farm is a pain, there are a lot of hassles to take care of, so it'll be left to the several hundred most serious entrepreneur minded.  We will be the ones holding on to the bitcoins for loner periods, and thus will have the vested interest in seeing the economy grow.

Right now we are in the Gold Rush phase.  It is 1849, and everyone is digging up every area of land to look for gold.  The gold is plentiful - in fact $100,000 USD worth of it is found every day.  Next year, the reward goes down to 25 blocks, that $100,000 will turn to $50,000.  A few years after that, the $50,000 will turn into $25,000.  All the while, if we play our cards right, always growing.  That is where the money is, holding more BTC now, and selling less.  Waiting, helping the economy grow.

Think of it as the RIAA, or OPEC of Bitcoins.  It is decentralized, but that doesn't mean a group can't help it move along.  I think of the association acting as a VC firm for bitcoin centered ventures.  The ventures would not only pay for themselves, but they could be contractually required to use bitcoins offered by miners included in the association, thus always paying dividends. 

I suggest we get together, and make a democratically held pool, it can require a minimum pct donation (5% would be good).  That money isn't going to someone's pocket, it is being voted on by all members.  Information on venture requesting business would be posted to members who would vote on the business and contract.  Run correctly, it would easily pay for itself many times over by making all of our investments grow over time.

I'm about to bring up my 7th gh/s (and I still plan to aggressively build), and I would love my small part in this pool.  I'm also a developer, so I'll donate my time into building it up.  Anyone else?


---

tl;dr: you won't get it anyways.
207  Bitcoin / Bitcoin Discussion / Re: At what price do you think Bitcoins will begin to rebound? on: July 05, 2011, 08:56:58 PM
Thank God, even I was contemplating defenestration
208  Bitcoin / Development & Technical Discussion / Re: Good motherboards for mining? on: July 05, 2011, 04:21:05 PM
@kripz: I dig that, I think I'll convert all my cases to it...  Question though, how do you clamp the boards onto the shoe rack?
209  Bitcoin / Development & Technical Discussion / Re: Good motherboards for mining? on: July 05, 2011, 01:53:43 PM
You could use something like this:
http://www.newegg.com/Product/Product.aspx?Item=N82E16815158223&nm_mc=OTC-Froogle&cm_mmc=OTC-Froogle-_-Add-On+Cards-_-STARTECH-_-15158223

However, I don't know how you'd fit it into a case.  Besides, there is no shortage of motherboards out there that work out of the box, so I would recommend sticking with those
210  Bitcoin / Development & Technical Discussion / Re: Good motherboards for mining? on: July 05, 2011, 01:43:14 PM
The motherboard doesn't really matter.  I look for the cheapest ones that give me 3/4 pci-e slots.  I have run into a small problem with one mb I got, where I could not for the life of me find a case that would let me fill all 3 of its pci-e slots. 
211  Economy / Economics / Re: What can we expect the price to decline/raise to? on: July 05, 2011, 04:32:51 AM
Like I said before, were in a dangerous time for bitcoins, its either make it or break it right here right now.  THe feelings from the MTGOX crash is just coming down, trickling down because it took time for people to get there cash out, there coins out, u see the volume of sales has dropped big time, some went to other exchanges, going to be tough to keep the price up until we get some more positive reports, and more businesses online and offline accepting it.  This is what I am hoping happens as I believe in the concept of a bitcoin.

If you are suggesting that the current drop is due to the MtGox incident, I highly doubt it.  People didn't have to get their coins in, they already had them in there, they simply couldn't sell until MtGox came back online.  I'm guessing what happened was someone who had a ton of coins, decided to take profits since the price had slowly been trickling down for the last week.  This caused a sharp plummet, and a lot of people freaked and followed suit.  There wasn't some simultaneous mass loss of confidence in Bitcoins.  I don't know the future, if I did I would have a lot more success on the stock market.  I can tell you that when you have a major sell off like you do today, it is a good time to buy while the price is discounted. 

I have a few BTC from mining, and I can tell you personally there is no way I will be selling at the current price.  I have confidence it will rebound.  Hopefully sooner rather than later.  Once the "weak hands" jump out, it means the only people left willing to sell will demand a higher price, and it should come back up. 

I'll stand by this prediction whether it comes true or not.  This is how I interpret these events at this point in time.  Who knows what I'll believe after tomorrow.
212  Bitcoin / Mining support / Re: Should I solo or pool (6 Ghash) on: July 04, 2011, 09:57:59 PM
I'd vote solo.  I am running 6 GH/s as well, and I am running my own private pool for the statistics.  Yeah, there is more variance, but you get to keep the transaction fees, and at the current price point, I for one am not going to be selling in the short term.
213  Bitcoin / Mining support / Re: Unstable Rig - how to diagnose on: July 04, 2011, 09:51:52 PM
I can tell you I have a couple of rigs that are particularity finicky.  It was a cooling issue for me, I got to the point where I am running an a/c unit right into them, and they don't lock up anymore
214  Bitcoin / Bitcoin Technical Support / Re: Pushpool - Tech Support on: July 02, 2011, 07:06:44 PM
Ignore my prior question...  turns out, I'm an idiot and didn't setup the db correctly... 

Now, however, most certainly not being an idiot, I get an error trying to get long pooling to work (following the OP exactly)

Code:
gnaget@miner:~/pushpool/sbin$ ./blkmond blkmond.conf
send msg_version(nVersion=312 nServices=1 nTime=Sat Jul  2 14:04:37 2011 addrTo=CAddress(nServices=1 ip=127.0.0.1 port=8333) addrFrom=CAddress(nServices=1 ip=0.0.0.0 port=0) nNonce=0x7820B3CF681F2626 strSubVer=.4 nStartingHeight=-1)
connecting
error: uncaptured python exception, closing channel <__main__.NodeConn at 0xb70f2eac> (<class 'socket.error'>:[Errno 111] Connection refused [/usr/lib/python2.7/asyncore.py|read|79] [/usr/lib/python2.7/asyncore.py|handle_read_event|435] [/usr/lib/python2.7/asyncore.py|handle_connect_event|443])
close
215  Bitcoin / Project Development / Re: [Pushpool Web Frontend] Simplecoin v2.0 Opensource PHP/MySQL on: July 02, 2011, 05:40:14 PM
my bad, forgot to grant access to mysql user
216  Bitcoin / Project Development / Re: [Pushpool Web Frontend] Simplecoin v2.0 Opensource PHP/MySQL on: July 02, 2011, 05:27:48 PM
I'm trying to get simplecoin setup for my private mining farm.  Following the instructions, I can get to the website now, but when I try to register a user, I get the following error in the log:

PHP Warning:  mysql_fetch_object(): supplied argument is not a valid MySQL result resource in /home/gnaget/simplecoin/includes/settings.php on line 29

It says user was created, but the user does not exist in the webUsers table.

Any idea what I might have missed?
217  Bitcoin / Bitcoin Technical Support / Re: Pushpool - Tech Support on: July 02, 2011, 03:49:35 PM
Still having the same problem (see above), I tried taking BTC Proxy out of the mix, and have the miner connect directly to pushpool server.  using the command line -u http://192.168.1.3:8332 I get unable to connect.  I get no additional output on the pushpool screen indicating any connection is being attempted.
218  Economy / Economics / Re: Bitcoin capitalization eventually hit 0? on: July 01, 2011, 05:27:59 PM
In that case, I need to make sure I horde at least 1 BTC, it could be quite the retirement plan.  I guess I don't see the reason for completely stopping the new coins from being generated given the guaranteed evaporation of some coins. 
219  Economy / Economics / Bitcoin capitalization eventually hit 0? on: July 01, 2011, 05:16:52 PM
With the decreasing curve of new bitcoins being introduced over time, what happens around 2030 when new bitcoins are no longer being generated?  There will always be bitcoins lost forever: people who don't backup their wallet, people who simply delete the small amounts left in their wallets, people who die without giving instructions about their bitcoin assets, etc.  Is bitcoin destined to be a short term currency that simply will not be able to withstand the test of time?
220  Economy / Goods / Re: WTS 3 x Radeon HD6990 Sapphire cards on: July 01, 2011, 03:50:42 AM
There is some benefit to having a 6990 over 3 5830s, the biggest being it fits in a single pci-e slot

That being said, I don't consider them worth $999...  If you are willing to take 45 BTC each, I'll take 2
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